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REGISTERED NUMBER: SC450625 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ALLIED INTERIORS (SCOTLAND) LTD

ALLIED INTERIORS (SCOTLAND) LTD (REGISTERED NUMBER: SC450625)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALLIED INTERIORS (SCOTLAND) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: J S Millar
J Smillie





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC450625 (Scotland)





ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

ALLIED INTERIORS (SCOTLAND) LTD (REGISTERED NUMBER: SC450625)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,601 13,332
Investments 5 41,000 41,000
70,601 54,332

CURRENT ASSETS
Stocks 6 43,940 31,500
Debtors 7 326,514 393,924
Cash at bank 681,918 414,306
1,052,372 839,730
CREDITORS
Amounts falling due within one year 8 705,547 412,105
NET CURRENT ASSETS 346,825 427,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

417,426

481,957

PROVISIONS FOR LIABILITIES 7,406 2,533
NET ASSETS 410,020 479,424

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 7,500 -
Capital redemption reserve 3 3
Retained earnings 402,417 479,321
SHAREHOLDERS' FUNDS 410,020 479,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ALLIED INTERIORS (SCOTLAND) LTD (REGISTERED NUMBER: SC450625)

BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





J S Millar - Director


ALLIED INTERIORS (SCOTLAND) LTD (REGISTERED NUMBER: SC450625)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Allied Interiors (Scotland) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on a reducing balance basis
Fixtures and fittings - 25% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis
Computer equipment - 33% on a straight line basis

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ALLIED INTERIORS (SCOTLAND) LTD (REGISTERED NUMBER: SC450625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 11,592 13,491 11,498 16,767 53,348
Additions 191 1,924 24,350 674 27,139
Disposals - - (11,498 ) - (11,498 )
At 31 October 2023 11,783 15,415 24,350 17,441 68,989
DEPRECIATION
At 1 November 2022 8,096 9,814 7,929 14,177 40,016
Charge for year 878 1,217 4,058 1,148 7,301
Eliminated on disposal - - (7,929 ) - (7,929 )
At 31 October 2023 8,974 11,031 4,058 15,325 39,388
NET BOOK VALUE
At 31 October 2023 2,809 4,384 20,292 2,116 29,601
At 31 October 2022 3,496 3,677 3,569 2,590 13,332

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 41,000
NET BOOK VALUE
At 31 October 2023 41,000
At 31 October 2022 41,000

6. STOCKS
2023 2022
£    £   
Stocks 7,000 6,500
Work-in-progress 36,940 25,000
43,940 31,500

ALLIED INTERIORS (SCOTLAND) LTD (REGISTERED NUMBER: SC450625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 272,931 323,935
Amounts owed by group undertakings 2,016 1,716
Other debtors - 38,262
VAT 39,207 28,477
Prepayments and accrued income 12,360 1,534
326,514 393,924

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 467,165 124,969
Tax 100,871 107,248
Social security and other taxes 28,202 23,529
Other creditors 1,697 47,717
Directors' current accounts - 1
Deferred Income 27,000 52,262
Accrued expenses 80,612 56,379
705,547 412,105